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Other Operational Considerations

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INSURANCE

  1. What kinds of insurance will you obtain, in what amount, at what cost per year and from what insurers?
    Insurer Amount of coverage Cost per Year
    Personal liability Yes No $ $
    Product liability Yes No $ $
    Property insurance Yes No $ $
    Vehicle insurance Yes No $ $
    Key person insurance Yes No $ $
    Disability Yes No $ $
    Health/Medical Yes No $ $
    Other insurance Yes No $ $
    ESTIMATED ANNUALS COSTS, Insurance: $

WORKER SAFETY AND SECURITY

  1. What security issues will you face in your type of business?
    Confidentiality of customer information Yes No
    Employee theft and pilferage Yes No
    Security of facilities and equipment Yes No
    Customer theft Yes No
  2. How will you address these security issues?
  3. What are the specific conditions your company must address to assure worker safety?
  4. What specific training and/or equipment must your company provide workers?
ESTIMATED ANNUALS COSTS, Worker Safety & Security: $

REGULATIONS, LICENSES AND PERMITS

  1. What specific environmental or other regulations apply to your business?
  2. How will you assure your compliance with these regulations?
  3. What state, local, and federal licenses and permits are required for you to operate your business?
  4. What private licensing fees will you pay annually to purchase, manufacture, or sell your products?
ESTIMATED ANNUALS COSTS, Regulations, Licenses & Permits: $
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Northern Initiatives can be contacted at (906)228-5571

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